January 9, 2017
South Korea plans to ignore some sectors in allocation lift
- Carbon Pulse

South Korea has released a draft proposal for how to spread the increase in CO2 permits across industrial sub-sectors, leaving out some of the segments that have filed lawsuits against the ETS.

Non-ferrous metals producers were short nearly 11% in 2015 but are not due to receive any extra permits next year, according to the MOTIE proposal. The same goes for petrochemical firms, which emitted 3.1% above their cap in the first year of the scheme. Those two sectors, along with cement have been the most vocal opponents of the government’s allocation plan and the main sources of the lawsuits. This is because the ministry has proposed an adjustment method that does not favour growing sectors, according to non-profit group Solutions for Our Climate.